XAU ! 9/27 waiting for 2700 increase
Updated
XAU / USD trend forecast September 27, 2024
The US Dollar is struggling to extend Wednesday's recovery due to dovish Fed expectations, which continue to support Gold prices. Although some Fed officials have pushed back against aggressive easing, markets are still anticipating a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for guidance on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Jobless Claims, and Durable Goods Orders, along with comments from other FOMC members, may also influence the market.
Based on M30, Uptrend still dominates long-term frames H1, H4
/// BUY XAU : zone 2655-2652
SL: 2647
TP: 50 - 150 - 300 pips (2682)
Safe and profitable trading
The US Dollar is struggling to extend Wednesday's recovery due to dovish Fed expectations, which continue to support Gold prices. Although some Fed officials have pushed back against aggressive easing, markets are still anticipating a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for guidance on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Jobless Claims, and Durable Goods Orders, along with comments from other FOMC members, may also influence the market.
Based on M30, Uptrend still dominates long-term frames H1, H4
/// BUY XAU : zone 2655-2652
SL: 2647
TP: 50 - 150 - 300 pips (2682)
Safe and profitable trading
Trade active
Gold price decreased around 2660 - almost correcting sideways after yesterday reaching ATH 2685Trade active
Mainly sideways in the 2660-2680 price range, unable to increase strongly at the end of the week.Trade active
The price dropped back to the 2645 liquidity zone - then rebounded sharply. Next week's sideway price range 2645-2675 will accumulate and stabilize
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